Author: jessicaycc

Why do most Chinese have houses even though prices are so high ? [Copy link] 中文

Rank: 1

Post time 2014-11-27 11:50:04 |Display all floors
zjjhpj Post time: 2014-11-26 21:16
House means family ...........

A more accurate statement is: a family should have a house.

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Rank: 6Rank: 6

Post time 2014-11-29 21:58:27 |Display all floors
One might add that there is no good investment options in China and generally Chinese do not trust stock market after the big crash. Every know insider trading is only way to make money in stocks and Mutual fund managers are only in it for their bonus. Housing is see as a foundational investment; something you can see and touch. Also it could be treated as commodity since parents can purchase for their children because they eventually need their place to live. Parents often purchase houses for their children so they can live close by.

Why housing is different than westerner point of view? Housing is a safety net for parents choosing their son inlaw. It is a symbol that he can take care of his daughter.

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Post time 2014-11-29 22:44:13 |Display all floors
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